An empirical approach combining elements of principal-agent theory and transaction cost economics is used to determine farmers'Â’ preferences for contract terms in crop production. The approach is tested by asking grain farmers to rank contract choices and specify price premiums in simulated...

A combination of experimental and simulation procedures identify important factors in an Illinois cash grain farmerÂ’s machinery investment decisions. In an experiment setting, a panel of farmers based investment decisions on their own expectations, farm situations, and varying policy...

Although expert systems technology that takes advantage of artificial intelligence techniques is very powerful, its application in the business domain is not without problems. Nevertheless, integration of Decision Support System (DSS) and Expert System (ES) will improve decision maker...

This paper presents a conceptual framework, known as systems development, for designing, selecting, and evaluating information systems. Techniques are developed that aid farm managers in choosing an accounting system. Six farmers took part in case studies testing the selection techniques. The...